1. Bank of America Corporation and Fleet National Bank
New Merger: April 1, 2004
Bank of America Corporation and
Fleet National Bank

2. Locations and primary activity:
Bank of America Corporation
Corporate Center
100 North Tryon St.,
Charlotte, North Carolina
Activity:
Consumer and Small Business Banking, Commercial Banking,
Global Corporate and Investment Banking, Wealth & Investment Management
Fleet National Bank FleetBoston Financial Corporation
Boston, Massachusetts
Activity:
Banking, Investment, Mortgage, Brokerage, and other Financial Services

3. Stock Information stock-for-stock transaction
FleetBoston Financial stockholders will receive shares of Bank of America common stock for each of their shares
transaction's value is almost $47 billion or $45 per FleetBoston Financial share

4. (from the statement of cash flow)
Key financial data: taken from consolidated income statement and balance sheet for 9 months period ended September 30, 2004 (in millions)
Interest Income $31,098
Noninterest income ,052
Total income(sales) ,150
Total revenue ,099
Net Income ,294
Total Assets ,088,996
Cash ,252
(from the statement of cash flow)

5. Strategic rationale for acquisition
To create the second largest bank in the United States
Driving costs and reaching economies of scale
Increase market earnings per share
To serve more middle-market and large corporate clients than any other U.S.-based bank
Bring together two of the top asset-based lending (ABL) organizations

6. Strategic rationale for acquisition (continued)
To handle even larger and more sophisticated transactions
To expanded nationally and internationally
To provide greater growth opportunities
To spread out through all the Northeast region, a region FleetBoston had preserved since early 1800
For a step closer to becoming America's first national bank
To dominate the American consumer banking market with 33 million customers, 5,700 branches and 9.8 percent of all U.S. bank deposits

7. Conclusion
As expected after the merge the resulting company gained in assets, income and revenues (after comparing financial statements) and is on the track of reaching all not yet reached objectives.